New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-02-05

FRIDAY Feb. 4-P. NJ
The brief statement Of the business of the Delaware
and Hudson Canal Company for the year enden pecem
Der 81 1885, issued In advance of its full annual report
elbows result which, remembering that the sales OF an
thracite coal during the first six months OF the year
averaged about the lowest figures eyer known 10 the
trade, Ia remarkable The balance, after paying all
first charges IL only 900 less than for the year OF
1885 II dining the first siy months OF the year prices
coal had averaged the prices OF the last six months
the net balance would have been nearly Sl,Ooo,ooo
greater than it is The following compares the result OF
three years:
Years ended Dec. 81 1894 1885. 1885
sources s16s7eO2l sl526osG7 sl6ols,sGe
and railroads ...... ll5iss7l 1o7949o7 ll,a22's5i
Net earnings ..... sls2sI5O $45s5.oeo si,toi.ol2
D rentals m'ee'. anu Ss4lo55 ss4s,5e4 a4l5,59e
Balance. ......... sl.4sso05 sl.is6.S96 sll75..s6
Concerning the European war the logic of events
daily grows favorable to the idea that ills really an
unusually weorganized bear attack upon the stock
exchanges OF the civilized world Two weeks ago me
London Necs contained special information when WAS
published In any other paper In Europe mas not oeeh
confirmed and has officially denied In every particu
lar Of its statement More recently The BaFt" FoSf
in an article which made up entirely
OF assumptions frightened all European financial
exchanges The question Of peace or war in Europe
with incoming OF the spring months unquesuohhDiy
is still probe aca but the London correspondent or
THE TRIBUNE who possesses exceptional for
Trustworthy information, says The whole driit OF
things during the last three weeks toward peace
Aside from this the methods which have been employed
to depress values the stock exchanges of both Europe
and America have sufficient in themselves to excite
suspicOn of their character But war or no war. IFS
effects values both Continents have been pretty
well discounted by the operations OF the last two weeks
There little question that London is largely short
OF American securities In this market and hence against
all the recent sales securities for London account the
foreign exchanges hardly steady mt the quotations OF
last Monday No little disappointment was experienced
this morning by operators for the short" account at
the effect Of the nonconnrmaton Of yesterday after
moons report that the President had
vetoed the Interstate Commerce bill. The
fact Is that the report the effect OF the
Improvement in values. and the After values
began to improve without the slightest foundation OF
Washington dispatch. It alleged that the improve
nent WAS because Of the which had heard
II was due this predominant idea that after steady
opening this morning values were attacked ana gencry
yteed fractions OF per from the opening figures
Union Pacific was an object Of special attack and Its price
declined from 50 TO 537s. The brokers employed In
selling the stock left little doubt as 10 who the prhca
WAS Ana it was the common remark in the boarlro0m
that the stock was being sold upon private infoma-
ton from Washington concerning either the tate OF tc
Interstate Commerce hill OF the Pacific Railroads
Funding bill This assault had temporary effect upon
The whole market. In a short time, however Union
Pacific was counted out az infu entail factor. and
under good buying prices for the general market recoy
cred and continued advance till In the last hour Just
before the close there reaction from the highest
f1ires which was entirely natural to the situation But
the market closed strong ana confident
Government bonds we're dull and easy at quotations
as fOllOWs